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According to the public record, 42, Caravel Close is a modern leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for 42, Caravel Close is £302,596 and the estimated rental value is £1,743 per month.
Caravel Close, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
42, Caravel Close has 31 entries in the Land Registry , most recently in June 2007 and a single entry in the EPC database dated November 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 42, Caravel Close is in very good condition we estimate a sale value of £317,726 and a rental value of £1,830 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £281,414 and a rental value of £1,621 per month.
Over the last 12 months the sale value of 42 Caravel Close has decreased by an estimated £8,086 (2.7%) and its rental value has increased by an estimated £94 per month (5.4%), giving an expected gross yield of 6.9%.
42, Caravel Close has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 03 Nov 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, 42, Caravel Close was last sold on 29th June 2007 for £247,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since June 2007, the market for similar properties has risen 52.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Caravel Close within a radius of 350 metres over the last 2 years.
The most recent example is Flat 1, Hutchings Wharf 1, Hutchings Street, London, E14 8JY, a leasehold flat which sold for £246,000 on the 15th March 2024.
Read more about house prices in E14.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Caravel Close, London, E14 has a total of 49 addresses. According to our analysis of all the public data, 42, Caravel Close is the 42nd largest and the 43rd most expensive property on the street.
When compared to the postcode district it is £170k less expensive than the average property in E14.
The nearest school is Arnhem Wharf Primary School which is 102 metres away. The nearest train station is South Quay which is 800 metres away.
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